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CEMATRIX Corp T.CEMX

Alternate Symbol(s):  CTXXF

CEMATRIX Corporation is a Canada-based company, which manufactures and supplies technologically advanced cellular concrete products developed from proprietary formulations across North America. It is engaged in the supply and placement of cellular concrete. The Company’s cement-based material with thermal protection, which delivers a range of problems facing the infrastructure, industrial, energy and commercial markets. It supplies and installs lightweight cellular concrete with a cast density as low as 400 kg/m3. Its cellular concrete is commonly used as an insulation material for oil and gas facility slabs, roadways, shallow utilities and contaminated site remediation that requires ground heating. Its applications include retaining wall and bridge approach backfill, roadways and runways, and slope stabilization. Its wholly owned operating subsidiaries include CEMATRIX (Canada) Inc. (CCI), MixOnSite USA Inc. and Pacific International Grout Company.


TSX:CEMX - Post by User

Post by LWillingdonon Jun 26, 2024 3:16pm
177 Views
Post# 36107587

Old news

Old news
 

From May this year. I forgot the target price he had based on earnings projections he made.  Let's hope I like it better than Beacons .70 but either way   


Stephen Kammermayer, Veteran Diversified Industries Analyst at Clarus Securities, has released a BUY rating and a target price of $1.00  on CEMATRIX in his research report titled, “Solid Foundation for Growth in Place”.  The stock is trading at $0.35 as of this writing.

Mr. Kammermayer forecasts that 2024 revenues will reach $57.5 million and $66.1 million in 2025. Based on “a shift to larger projects, coupled with the fixed overhead already in place,” he’s looking for EBITDA to jump to $6.9 million this year (12.1% margin) and $11.7 million (17.7% margin) in 2025.

He also notes the following:

  • Strong Project Backlog – Bid pipeline of ~$400 million and backlog of $80.6 million

  • Cost & Time Savings – Cellular concrete offers both cost and time savings vs competitive products.

  • Customer Agnostic – CEMATRIX works as a subcontractor with both engineering and construction firms.

  • Opportunity To Ramp Up With Little Capex – Current large fleet able to generate $200 million USD of revenue.

     

Stephen Kammermayer, Veteran Diversified Industries Analyst at Clarus Securities, has released a BUY rating and a target price of $1.00  on CEMATRIX in his research report titled, “Solid Foundation for Growth in Place”.  The stock is trading at $0.35 as of this writing.

Mr. Kammermayer forecasts that 2024 revenues will reach $57.5 million and $66.1 million in 2025. Based on “a shift to larger projects, coupled with the fixed overhead already in place,” he’s looking for EBITDA to jump to $6.9 million this year (12.1% margin) and $11.7 million (17.7% margin) in 2025.

He also notes the following:

  • Strong Project Backlog – Bid pipeline of ~$400 million and backlog of $80.6 million

  • Cost & Time Savings – Cellular concrete offers both cost and time savings vs competitive products.

  • Customer Agnostic – CEMATRIX works as a subcontractor with both engineering and construction firms.

  • Opportunity To Ramp Up With Little Capex – Current large fleet able to generate $200 million USD of revenue.

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